83 FR 8246 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 83, Issue 38 (February 26, 2018)

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Bureau of Consumer Financial Protection (Bureau) is proposing to renew with change the Office of Management and Budget (OMB) approval for an existing information collection titled, ``Financial Coaching Program for Veterans and Low-income Consumers.''

[Federal Register Volume 83, Number 38 (Monday, February 26, 2018)]
[Notices]
[Pages 8246-8247]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03791]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2018-0007]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Bureau of Consumer Financial Protection (Bureau) is proposing to 
renew with change the Office of Management and Budget (OMB) approval 
for an existing information collection titled, ``Financial Coaching 
Program for Veterans and Low-income Consumers.''

DATES: Written comments are encouraged and must be received on or 
before March 28, 2018 to be assured of consideration.

ADDRESSES: Comments in response to this notice are to be directed 
towards OMB and to the attention of the OMB Desk Officer for the Bureau 
of Consumer Financial Protection. You may submit comments, identified 
by the title of the information collection, OMB Control Number (see 
below), and docket number (see above), by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Email: [email protected].
     Fax: (202) 395-5806.
     Mail: Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.
    In general, all comments received will become public records, 
including any personal information provided. Sensitive personal 
information, such as account numbers or Social Security numbers, should 
not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at www.reginfo.gov 
(this link becomes active on the day following publication of this 
notice). Select ``Information Collection Review,'' under ``Currently 
under review, use the dropdown menu ``Select Agency'' and

[[Page 8247]]

select ``Consumer Financial Protection Bureau'' (recent submissions to 
OMB will be at the top of the list). The same documentation is also 
available at http://www.regulations.gov. Requests for additional 
information should be directed to the Consumer Financial Protection 
Bureau (Attention: PRA Office), 1700 G Street NW, Washington, DC 20552, 
(202) 435-9575, or email: [email protected]. If you require this 
document in an alternative electronic format, please contact 
[email protected]. Please do not submit comments to these 
email boxes.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Financial Coaching Program for Veterans and 
Low-income Consumers.
    OMB Control Number: 3170-0051.
    Type of Review: Extension with change of a currently approved 
collection.
    Affected Public: Individuals.
    Estimated Number of Respondents: 7,200.
    Estimated Total Annual Burden Hours: 3,600.
    Abstract: In early 2015, the Bureau launched a Financial Coaching 
project to provide direct financial coaching services to transitioning 
veterans and economically vulnerable consumers nationwide. In order for 
the Bureau to understand whether the program is effective and for the 
financial coaches to be able to deliver efficient services and track 
clients over time, the Bureau needs to take steps to monitor program 
performance and to evaluate the program. This includes collecting 
administrative data about clients for programmatic purposes. The 
information is collected from the coaches and includes a combination of 
personal information (basic contact and demographic information), 
performance metrics (outputs), client-level outcomes (progress towards 
financial goals or other relevant outcomes) and programmatic and 
organizational outcomes.
    The initial information collection request for the administrative 
data collected by coaches from financial coaching clients for 
programmatic and performance monitoring purposes was approved in 2015 
and expires on February 28, 2018. In 2015, the Financial Coaching 
program was extended beyond the initial program period and 
subsequently, this request is for an extension of administrative data 
collection. In addition, this information request includes a 
modification, to add five questions to the administrative data 
collection. The five questions are part of the Financial Well-being 
Survey, which received approval under OMB Control Number 3170-0063 in 
order to measure the level of financial well-being of American adults 
and key sub-populations. This will help us understand the progress 
clients are making and is also in line with the Bureau's overall 
efforts to be more consistent in the information we are collecting.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on November 8, 2017, (82 FR 51822), Docket Number: CFPB-2017-
0032. Comments were solicited and continue to be invited on: (a) 
Whether the collection of information is necessary for the proper 
performance of the functions of the Bureau, including whether the 
information will have practical utility; (b) The accuracy of the 
Bureau's estimate of the burden of the collection of information, 
including the validity of the methods and the assumptions used; (c) 
Ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) Ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Comments submitted in response to this notice will be reviewed by OMB 
as part of its review of this request. All comments will become a 
matter of public record.

    Dated: February 20, 2018.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2018-03791 Filed 2-23-18; 8:45 am]
 BILLING CODE 4810-AM-P